Protech projects have a huge potential, experts say. For example, in the USA and Canada there are applications that allow you to track in real time which apartments are being sold in local houses while walking along the street. There are no such electronic services in Dubai yet. Their development can become a promising direction for local IT companies.

Another example is electronic services for short-term rental of real estate, which significantly speed up and simplify the process. One of these projects was the Silkhaus service, which originated in Dubai, which can take on the responsibilities of finding tenants, adjusting prices, managing income and covering the owner’s expenses.

Protech (Property Technology) is an innovative digital solution for commercial or residential real estate. In a broad sense, protech solutions help through digital technologies to buy, sell, or rent housing faster and more profitable.

Another area of Protech projects relates to real estate management. This includes smart home applications, and electronic distribution of income and expenses from owned real estate. It is expected that by 2032 the total market volume of protech projects in the world will amount to $86.5 billion.